Financial

These days the cost of health care services have increased a lot. There are several reasons for this, from the new technological advancements to raise in medical care demands. As a result of these increased costs, a lot of people are not able to afford medical care facilities, and plenty of people fall under medical debt. It is possible to go for a debt consolidation loan to help you in repaying these medical debts. A debt consolidation loan will help you to repay your medical bills and save you from financial ruin. In this article, you will learn about several reasons as to why medical care services are becoming more expensive with time.

In the long run, it is only natural for the health care systems to go through several different changes, but it can be so that the average patient might not necessarily see all these changes first hand. People will also not understand the specific technical changes that are applied in medical treatments unless they are trained to discern these changes. People do feel that by paying more money, they are getting better medical treatment and hence feel obligated to pay more to get better health care services, in spite of not always understanding how these treatments are different. 

[Read more…] about How to tackle the increasing expenses of health care services?

There are a lot of ways to effectively pay off your medical debt. Some of these options are making a strategy, utilizing a health credit, or taking assistance from an advocate. Explore all these options and find the right one that suits your requirements. In this article, you will learn all the effective ways to clear off the debt. Here they go.

How to start? 

The course to satisfying restorative obligation isn’t as obvious similarly as with different types of obligation. For example, an advance or charge card. There’s for the most part more space to arrange the terms of reimbursement and perhaps to lessen the sum you have to pay. 

To begin, investigate your hospital expense and contrast it with the clarification of advantages, in the event that you have a protection scheme. Make sense of what you’re required to pay, yet don’t tragically take your bill without any proof. You can generally endeavor to arrange the total cost first. Adopting a keen strategy to satisfying your hospital expenses can enable you to stay away from the reprobate medicinal obligation on your credit report

The list of effective plans 

While with your supplier, be forthright about what you can pay. On the off chance that you don’t have a protection plan, you can be charged more. You should know there’s a value divergence that can give you influence. If you are unsure whether or not you can pay off the loans, you must look for debt relief plans. Also, many different agencies are willing to assist you in every possible way.

[Read more…] about What are the best ways to pay off medical debts?

Pittsburgh “Bigger is better” is a dominant theme in the wealth management industry that a select group of financial advisors is determined to disrupt. 

“In the midst of industry consolidation, survival is not contingent upon acquisitions—it’s contingent upon providing unprecedented value,” observed Joseph Scarpo, founder and CEO of PWA Wealth Management. “We treat every client as if they were our only client, and what we’ve learned is every client wants a single source of trust.” 

A single source of trust is the inspiration for a newly formed alliance of wealth planning, investment management, accounting, legal, insurance, and real estate firms to serve successful individuals and families. 

“The Client-First Alliance operates as exceptional, independent entities with one mission, one mindset: saving clients time and headaches by integrating the full continuum of wealth management services,” Mr. Scarpo added. 

“Some wealth management companies provide highly qualified referrals, and a handful provide a family office experience, where integrated services are offered to the uber-wealthy,” he stated. “We aim to serve the mass affluent—people with $1 million or more in investable assets—who deserve every bit of care at a very reasonable price. And, because many of our clients are business owners, the Client-First Alliance can also furnish payroll and employer benefit services.”

“We believe the alliance business model is a first in the industry,” observed Richard Bell, CPA and Partner at Wilder & Company. 

“In fact, most businesses that enter into strategic alliances fail because they do so for the wrong reasons,” he added. “We’ve known one another since we were altar boys, so the single source of trust is not just for clients—it’s for us, as well, knowing that every firm in the Client-First Alliance can be trusted to place clients’ interests above their own.” 

Nicholas Tropiano, founder and Principal of Assured Risk Advisors, added, “The Client-First Alliance enables us to broaden and deepen relationships by providing services that are not limited to insurance-related offerings. We like the notion of being an innovative disruptor; it suits our personalities.”

“We are branding the Client-First Alliance as “ONE” — since that’s what comes to mind when you think of client-first and a single source of trust,” said Mr. Scarpo. “We think it’s time for ONE, and look forward to introducing this groundbreaking concept to our clients.”

Services include:

• Family Wealth Planning & Education
• Retirement Planning
• Investment Management
• Tax Planning & Analysis 
• Charitable Giving Strategies
• Trust & Estate Planning
• Business & Personal Insurance
• Real Estate Acquisition, Settlement & Leasing
• Business Owner Consulting
• Payroll & Employer Benefits

Firms include:

• PWA Wealth Management
• Wilder & Company, CPAs
• Assured Risk Advisors
• The Nichols Law Group
• Security Settlement Services
• The Payroll Shoppe
• Employer Benefit Solutions

For additional information, visit clientfirstalliance.com or contact Celeste Zingarelli or Anthony Scarpo at 412.931.2700.

Understanding financial terms as an outsider can be daunting, especially if you are looking to delve into the industry. It starts with soliciting the services of a financial advisor, but even then they have various titles. In this article, we shall explore the difference between financial planning and investment management, also known as asset management or portfolio management. It is to provide knowledge that aids you research in acquiring the services you desire from the right person. 

Financial Planning vs. Investment Management

Financial planning and investment management refer to the two kinds of services you can expect to get from a financial advisor. They are similar in that they are a means to an end, which is generating wealth.  The first step to attaining your finance-related goals is to assess the state your finances are in relation to what your goals are. That then when a financial plan gets created. From it, you develop objectives and actionable points. They take various forms, such as what your savings plan will be and what your risk appetite is. 

On the other hand, investment/asset/portfolio management has to do with how you will invest money. There are various options such as trading in securities, bonds, precious metals, and the kind. It also looks at where to channel your finances and make necessary adjustments. Financial advisors and firms vary regarding these aspects. Some advisors or entities will undertake only one role, while others take both. The best approach is working with a firm or person focusing on all aspects. It is cheaper, and there is continuity in the management style.

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By Emmet Conlon

Chief Financial Officers (CFOs), Treasurers and financial decision makers for healthcare organizations are now required to manage a myriad of responsibilities while acting nimble and innovating in a rapidly changing environment. The technological, regulatory, labor and care provisioning models are changing so quickly that adaptability is a key priority for the industry. All of these changes present operational challenges that require CFOs to manage disparate stakeholders and systems across the entire enterprise while enabling a seamless and cost-effective patient experience.

Here’s a closer look at a few of the issues healthcare CFOs are placing at the top of their priority lists:

Reducing labor shortages and surging salaries

Due to the increases in labor and supply chain costs, expenses exceeded revenues for nonprofit and public hospitals for the second straight year in 2017. The salary for medical workers is steadily increasing year over year. According to the annual Health eCareer’s Salary Guide 38% of the 20,000 healthcare workers polled saw their salaries increase and 41 percent reported it increased over one year ago in 2017.

Despite salary increases the healthcare industry is experiencing a shortage of nurses in certain parts of the country. In fact, according to a report by the U.S. Department of Health and Human Services, the following states are predicted to have the biggest shortage in the next 10 years: California, Texas, New Jersey and South Carolina. [Read more…] about Healthcare CFOs: Key Trends to Watch